Finance news – Page 148
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NewsMedia Bites 7 August: Wilko, Haleon, Greggs
Buyers circling Wilko face having to invest up to £70m into the ailing discount chain as part of any rescue deal
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NewsCity snapshot: Carr’s CEO Peter Page steps down
Agriculture and engineering group Carr’s has kicked off a search for a new CEO after Peter Page decided to step down from the helm next year.
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NewsBrew By Numbers unsecured creditors ‘not expected’ to see £1m owed
Unsecured creditors owed more than £1m by Brew By Numbers are unlikely to receive any of the money overdue to them from the insolvent south London brewery
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NewsMeatless Farm back on sale in Asda following VFC takeover
The plant-based brand’s core products, including mince, chicken breasts and quarter pounder burgers, have returned to Asda stores this week
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsMedia Bites 4 August: Wilko, M&S, AB InBev, interest rates, Amazon
Fears over the future of Wilko and its 12,000 employees dominate the headlines this morning.
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NewsWilko poised to call in administrators, with 12,000 jobs potentially at risk
Wilko CEO Mark Jackson said the business had so far failed to secure an offer that would save it from running out of cash
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NewsCity snapshot: Bud Light boycott hits AB InBev’s US sales
The world’s largest brewer suffered a sharp sales drop in the US amid political controversy over a Bud Light marketing campaign, to reduce overall sales volumes in its second quarter
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NewsMedia Bites 3 August: Brexit, Asda, Co-op Food, Coca-Cola Europacific Partners
Plenty of fmcg news in this morning’s papers, including further delays to post-Brexit border controls, Asda publishing local fuel prices, shoplifters running riot, a Coca-Cola Europacific Partner deal and results from Haleon.
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NewsXOXO gut health soda startup secures £1.5m to bolster growth
Prebiotic soda startup XOXO has secured £1.5m to support the business’s rapid growth
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NewsAmino Drinks lands £300k funding for sports performance brand
Performance drinks startup Amino has secured £300k from the East of England Regional Loan Scheme to support its growth
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NewsABP acquisition of Scotbeef meat plants to face CMA probe
The Irish red meat giant announced the aquisition in mid-June
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NewsDiageo GB chief: High tequila prices a barrier to growth in grocery
Neither of Diageo’s major tequila propositions – Don Julio and Casamigos – made The Grocer’s Britain’s Biggest Alcohol Brands report
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NewsGreggs begins supply chain overhaul as it targets more new stores
Greggs posted strong half year results after seeing an increase in evening sales
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NewsMedia Bites 2 August: Alcohol duty/Diageo, Greggs, AG Barr
The world’s biggest spirits group has branded the government’s new alcohol duty regime as a stealth tax that will push up prices for consumers
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NewsCity snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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NewsMeatless Farm European losses totalled €20m, new bankruptcy report reveals
Meatless Farm racked up losses of almost €20m (£17.1m) in just more than three years of operating in Europe, a new bankruptcy report in the Netherlands has revealed
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NewsKerry Group acquires Shanghai Greatang Orchard Food Co
Kerry Group has announced the acquisition of 100% of China-based foodservice player Shanghai Greatang Orchard Food Co
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NewsThe Cheeky Panda completes senior team with new hires
The Cheeky Panda has hired two new executives to complete its senior management team and ready the sustainable hygiene challenger for the next stage of growth.
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News2 Sisters firmly in the red amid supply chain woes
Turnover improvements were largely driven by inflation, said the business, which warned inflationary pressures had continued into 2023